Quick Service Restaurant Feasibility Study in the New York-Newark-Jersey City, NY-NJ Metro Area

New York: quick-service restaurant

New York drew 1,170 quick-service restaurant loans worth $466.0 million between FY2017 and FY2026. New York places 1 of 779 nationally for the class on 1,170 loans; in New York, the class takes 2 of 39. In New York, a quotient of 0.84x makes the class less common. New York is told apart by rank and a 0.84x quotient, not by size at $200,000.

$200,000 is typical in New York, in a middle half $50,000 to $500,000; against the national median that is 0.64x, well below it. New York lending ran 1,146 through 7(a) against 24 through 504. 28.2% of 1,170 New York loans are franchised.

New York's 7(a) table, 215 loans through TD Bank, National Association, $20.5 million; 103 through Manufacturers and Traders Trust Company, $11.3 million; 47 through The Huntington National Bank, $14.6 million; 45 through JPMorgan Chase Bank, National Association, $7.3 million; 45 through Northeast Bank (ME), $6.2 million. New York's 504 table, 13 loans through Empire State Certified Development Corporation, $7.2 million; 6 through Trenton Business Assistance Corporation, $3.5 million. New York: unnamed holders have under 5 loans. 1,170 loans in New York, by county: New York County, NY 194; Bergen County, NJ 110; Kings County, NY 109; Suffolk County, NY 90; Middlesex County, NJ 87; Queens County, NY 84; Nassau County, NY 79; Hudson County, NJ 59; Westchester County, NY 43; Essex County, NJ 42.

Cancellations in New York and charge-offs

In New York, cancellations took 15.6% or more of New York's FY2017 to FY2024 approvals, 16.2% with undisbursed loans counted. 460 FY2017 to FY2021 loans were disbursed; 9.1% or more have been charged off, 5.9% within five years. New York floors rise as loans age. Of New York's 1,170 loans, the high year held 158 in FY2025 and the low year 63 in FY2020; FY2026 shows 130 loans and $58.6 million. Yearly loan counts for New York: FY2017 139, FY2018 140, FY2019 119, FY2020 63, FY2021 88, FY2022 111, FY2023 108, FY2024 114, FY2025 158, FY2026 130. Dollars by year: FY2017 $50.2 million, FY2018 $36.0 million, FY2019 $31.9 million, FY2020 $35.0 million, FY2021 $64.4 million, FY2022 $38.7 million, FY2023 $51.3 million, FY2024 $41.5 million, FY2025 $58.4 million, FY2026 $58.6 million.

New York: testing the project

New York: facing slow starts, debt service holds with $466.0 million approved. For 1,170 loans in New York, kitchen costs outside $50,000 to $500,000 need cases. For 1,170 approvals in New York, appraisers split business from building. New York approvals ran from 63 in FY2020 to 158 in FY2025; for New York, plan for slow starts. New York's quotient, 0.84x: count rivals by drive time. Across 1,170 loans, drive through volume in New York carries $200,000.

1,170 loans fall in New York by project county. New York follows July 2023 delineation by county. New York leaves out unplaceable counties. No census here: 1,170 loans give New York a guide only.